Croatia ranks 40th in Doing Business ranking prepared by WB

 Croatia ranks 40th out of 189 countries covered by a report from the World Bank that has assessed conditions for doing business in those economies, according to the latest "Doing Business 2016" publication.

The latest publication has been prepared according to amended methodology used by the World Bank, and it now shows that last year Croatia was 39th on the ranking instead of 65th, as initially published in the "Doing Business  2015" publication released last year.

In the latest report, Croatia is short of 72.71 points to reach a maximum 100 points, while it lacked 72.50 points in the previous period, according to the amended methodology. This assessment is about "distance to frontier score", reflecting how much a country in question lags behind the country with the best scores that is the top performer in one of ten categories (indicators).

The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier, according to an explanation provided by the World Bank.

Of those indicators, Croatia scores the maximum 100 points in the category "Trading across borders".

When it comes to "Enforcing contracts", Croatia ranks 10th.

It occupies the 29th place in the indicator "Protecting minority investors", while its performance measured by the indicator "Paying taxes" puts it at the 38th place.

Croatia ranks 59th in "Resolving insolvency", and 60th when it comes to "Registering property".

Croatia's performance in "Getting electricity" puts it at the 66th place.

It ranks 70th when it comes to "Getting credit", and 83rd "in the category "Starting a business".

Croatia's worst ranking is in the category "Dealing with construction permits", as it is 129th country out of 189 economies.

In the overall ranking, Singapore remains the top performer in the ease of doing business.

It is followed by New Zealand, Denmark, South Korea and Hong Kong.

Great Britain is sixth and the USA ranks 7th.

Three Nordic countries are at the remaining places among the top ten economies in doing business: Sweden, Norway and Finland respectively.

In Croatia's neighbourhood, Macedonia and Slovenia fare better than Croatia, and they are 12th and 29th respectively.

At the bottom of the ranking are Eritrea, Libya, South Sudan and Venezuela.

Last update: Tue, 27/10/2015 - 21:48
Author: 

More from Croatia

Interior Ministry dismisses HRW's claims that police are forcing aslyum seekers back to Serbia

The Croatian Ministry of the Interior on Friday dismissed as untruths and insinuations the claims by Human Rights...

French airlines and tour operators expanding their services to Croatia

French low-cost airlines Volotea and Transavia and online travel agency Karavel plan to expand their services to...

EUR 7 mln grant ensured for reconstruction of Osijek fortress

An agreement was signed on Friday in Osijek for a 7 million euro (about HRK 52 million) from the Europe Union for a...

Ukrainian president sees Croatia as trustworthy partner

Croatia is a trustworthy partner of Ukraine and we find Croatia's experience valuable in our struggle for...

HNiP urges probe into possible involvement of aggressors, secret services in Croatian media

The association called Croatian Journalists and Publicists (HNiP) on Friday expressed concern about developments on...